CoreWeave raises 2026 revenue guidance as third-quarter sales more than double

what happened

Cloud provider CoreWeave published its third-quarter 2026 results, which TradingView reported on November 10. Revenue reached $3,661 million, compared with $1,365 million a year earlier. Adjusted operating income came in at $379 million, while the net loss widened to $709 million as net interest expense climbed to $846 million. Revenue backlog stood at roughly $132.5 billion at the end of September.

The company lifted its 2026 revenue forecast to a range of $13.0–13.3 billion and raised its adjusted operating income outlook to $1.275–1.375 billion. Full-year capital spending is now expected at $37–39 billion, and fourth-quarter interest expense at $1.05–1.15 billion.

why it matters

For markets, the update points to strong demand for AI computing capacity. Heavy borrowing and continued losses, however, keep the balance sheet a key risk for investors watching the sector.

market impact

AI infrastructure stocks: strong demand supports the sector, while interest costs and the loss weigh on CoreWeave shares

• ↔CoreWeave shares mixed — the raised revenue outlook supports the stock, while the loss and interest expense weigh on it

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